China, U.S. Exchange Tariffs, Prompting Talks of Trade War

Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), June 15, 2018 in New York City. (Photo: Drew Angerer/Getty Images )

Last Friday, the Trump Administration announced tariffs on $50 billion worth of Chinese goods, which China returned in kind shortly after, targeting U.S. beef, poultry, tobacco and cars. This follows the Trump Administration's decision to levy global tariffs on metal imports, a contentious G7 conference and ongoing threats by President Trump to dismantle the North American Free Trade Agreement. We'll discuss how these tariffs might impact the U.S. economy and U.S.-China relations.

Guests:
Ana Swanson, trade and economics reporter, The New York TimesEdward "Ted" Alden, senior fellow, Council on Foreign Relations; author, "Failure to Adjust: How Americans Got Left Behind in the Global Economy"